Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

direct answer with out explean Question 3 Not yet answered Marked out of 1.00 Flag question Amal and Aman are partners of a firm sharing

image text in transcribed

direct answer with out explean

Question 3 Not yet answered Marked out of 1.00 Flag question Amal and Aman are partners of a firm sharing profit and loss in the ratio of 4:3. Their Balance Sheet shows RO 14,000 as Profit and Loss A/c in the liabilities side. Pass the necessary journal entry in the books of accounts? a. Profit and Loss A/c 14,000 To Amal Capital A/C 8,000 Aman Capital A/c 6,000 O b. None of the options c. Amal Capital A/C 8,000 Aman Capital A/C 6,000 To Profit and Loss Appropriation A/C 14,000 O d. Amal Capital A/C 8,000 Aman Capital A/c 6,000 To Profit and Loss A/c 14,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting And Finance

Authors: Prof Stephen Sunday Sharang Ph.D.

1st Edition

979-8639273353

More Books

Students also viewed these Accounting questions